BlackRock Results Presentation Deck

$2,612 50% $129 Q3 2020 Distribution 1% 19% $123 G&A & servicing expense (1) costs 11% 19% Quarterly expense, as adjusted ($ in millions) $116 Q3 2021 compared to Q3 2020 $492 $97 Employee comp. & benefits Employee Direct fund comp. expense & benefits (1) Distribution & servicing costs Direct fund expense General & administration expense Amortization of intangible assets $16 $11 $3,104 Product Amortization Q3 2021 launch of intangible assets costs and comissions Percentage Change Employee comp & benefits Distribution & servicing costs Direct fund expense General and administration Amortization of intangible assets Total $2,889 Q2 2021 $99 Q3 2021 compared to Q2 2021 $215 Product launch costs and comissions $62 Distribution & servicing costs $43 Year-over-Year G&A expense (1) $34 8% 28% 38% 30% 41% 19% Direct fund expense $1 Sequential $(24) (1)% 12% 11% 30% 3% 7% Amortization Employee of intangible comp. & benefits (1) assets $3,108 Q3 2021 (1) Amounts exclude product launch costs and commissions incurred in Q3 2021 and Q3 2020, which are presented separately. Q3 2021 expense, as adjusted, excludes expense of $11 million related to the lease of office space for its future headquarters located at 50 Hudson Yards in New York ("Lease cost - Hudson Yards"). For further information, see the item included under Non-GAAP expense adjustments on page 9 of this earnings release supplement and note (1) in the current earnings release. BlackRock. 8

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